The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1887-11-03


Trustees, who shall constitute the Roard OF
Directors for the ensuing year; and the Board,
so elected, shall elect, from their members, q |
President, a Treasurer and a Secretary. Each |
shareholder in the election, shall be entitled TO
cast one vote for each share he may own, and
the nine persons receiving the highest vote |
shall be declared elected for his respective
office, and shall Immediately assume the duties
of their offices; and upon election OF their
officers as above named, and the qualification
of the Treasurer, hereinafter prescribed, be
authorized to demand and receive from the
outgoing Board and Officers, all the Books,
Papers and Property belonging to the said
School and Association.
ARTICLE
The President of the Board of Directors
shall receive aud atcept all titles and deeds III
behalf of said School and Association, and
shall make and sign all acts conveying proper
ty belonging to said corpOfatiOnn on concur
renee of majority of the Board of Directors.
He shall have further power to confer the de-
grees usually conferred by such Institutions
and to grant Diplomas, and certificates of
graduation distinction or merit tothe students,
under the corporate name and seal. on the
recommendation of the Faculty OF said school,
duly concurred in by amajority of the Board
of Directors.
ARTICLE vi.
This school shall be organized and operated
undor the auspices of the Calvary Baptist
Association, pat no GistlnctiVe creeo shali 10
taught, except in its Theological Department.
ARTICLE VII.
The Treasurer of this Association, before
entering into the discharge of his duties Is
SUCH shall give bond with security, to be APP
proved by the Board of Directors, in the sum
of Five Hundred Dollars, for the faithful per-
torrance OF his duties. he snail make az
disbursements, on the order OF tne boaro Il
Directors, and render statements ana accounts
whenever ordered so 10 90 oy tne hoafo. Ills
books shall be open Tor inspection OF the mem,
bers OF the Association atali reasonable hours
ARTICLE VIII
- 90. "
Inc capital STOCK OF tnls Assoelatlon shall
DC L o Thousand Doiia r otslucu lnIo shares
y. leu Dohdrs oacn' iho oIoiI.@i9 iu!n r:
| diately upon organization OF the board OF Di-
rectors, snail open STOCK oook; IN " nlcn ne
sfa,i a1ep oha"a u ZIG o nS ne and
! Vi stoek purchtsou ~ eaon, anu 'uo ua1o anu
| hunoer OIL each cer'lhca'e issuoo Ny LII"
| ARTICLE TX.
... o...;o. 80 81. ,.,oo,o.;.n .,.u
Active oPtiae,on " .nls AssooaI.on saa'i
commence when twenty per cent e: OF the capital
| StooA Is s""Soiiooo GNU p"'o in
| ARTICLEx.
IT,. s,o;,1 of,o.rs of .,;s Association,
! III aIa o,' onmoI ro.ort IS Is b~S;,nas
a affairs at the meeting bereinaboye xed for
$4,000 a,d ,aoJa in e. WOW Of The sharahnlJars
na; =. 1890 e shonos :. o,ol 80 80
~ h;et I'LL 10 na;d 80 so;J hoIdor 90
$3.50 ;n n.sh N nert;fcateS Of s+aoL Nv or
| I'll - a. I,,ot;o, of IL. oh;Idnon;r soid
| ssLooi Cor tbo ons,,;nn yaar as he ,nov aIect
'oA''i ~, WV
| ARTICLE X.
| This Charter NAV be amended, altered or
amendments, alterations or abrogation does
NOT conflict with the Constitution and laws of
| the United States of America, or the Constitu-
| ton and laws of the State of Louisiana, by a
| vote of two thirds aft tbe Board of Directors.
duly ratified by majority vote OF the share
| holders at an election called for the purpose.